The incremental funds didn’t catch this breakout and pushed higher; instead, $SOL got pushed back down near 97. We need to pay attention to this reversal signal. On the daily chart it still looks like a bullish structure, but the 1-hour chart has already refused to continue the upward push. The 15-minute RSI is only 43.8, meaning there’s more room for downside than upside. At this point, I lean toward following the rejection and looking for a pullback. Take profit should be placed at the lower several support/consolidation zones, and the stop loss should be set above the structural high.
Don’t get greedy with counter-trend trades—keep the position light and box in your risk first. $SOL
🔴 Trade direction: Short
📍 Entry range: 96.9756 – 97.2512
🛑 Stop loss: 99.9560
🎯 Take profit 1: 94.9814
🎯 Take profit 2: 93.5601
🎯 Take profit 3: 91.4281
In still water, deep currents hide great foresight; whether the market rises or falls, it stays calm and composed.
Join “Fei Jie” to read the tides of wealth as they surge.
#SOL
Click below to trade 👇
Don’t get greedy with counter-trend trades—keep the position light and box in your risk first. $SOL
🔴 Trade direction: Short
📍 Entry range: 96.9756 – 97.2512
🛑 Stop loss: 99.9560
🎯 Take profit 1: 94.9814
🎯 Take profit 2: 93.5601
🎯 Take profit 3: 91.4281
In still water, deep currents hide great foresight; whether the market rises or falls, it stays calm and composed.
Join “Fei Jie” to read the tides of wealth as they surge.
#SOL
Click below to trade 👇